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City bankers expect bigger bonuses despite clampdown

Almost two thirds of City of London workers expect their bonus this year to be the same or higher than what they received in 2008, according to new figures that will raise eyebrows among those seeking to guard against a return to 'business as usual' in the banking sector.

The report by recruitment consultants Morgan McKinley also found that only one in four workers said their employer was restructuring their compensation package, suggesting that banks were not revising the structure of their pay policies despite regulatory pressure to do so.

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